Finance

Argandoña, Antonio
A decade after Lehman Brothers' collapse and the global financial crisis, Antonio Argandoña insists that ethics is the fundamental requirement to restore our sense of security and confidence in the financial system that was cracked by the last crisis.

Eisert, Tim; Eufinger, Christian
Do banks take advantage of the assumption that they may be deemed "too big to fail" or "too interconnected to fail"? Yes, says research by Christian Eufinger. What's more, this assumption adds systemic risk, as increasingly interconnected banks have learned to exploit "backdoor bailouts."

Acharya, Viral V.; Eisert, Tim; Eufinger, Christian; Hirsch, Christian
Why did billions in investment, sales and so many jobs disappear during the European sovereign debt crisis? The Eurozone credit crunch deserves about half of the blame, which is a lot, according to research by IESE's Christian Eufinger and co-authors. They find two significant factors that helped cause the crunch and offer advice to free up the lending supply next time.